The paper analyses the relationship between the real exchange rate and the real interest rate differential on one hand and the implications they have on portfolio capital flows on the other. It shows that the nominal ...

A key indicator of financial performance and efficient is the spread between lending and deposit rates. If this spread is large, it works as an impediment to the expansion and development of financial intermediation. This ...

Industrialization has been embraced by many developing countries as a means of achieving structural transformation of their economies. In Kenya, the goal of industrialization has long been held as a strategy for ...

With globalization has come increased emphasis on an outward- looking and a market-oriented economy. Consequently, the 1990s were associated with a greater degree of liberalization of the financial, foreign exchange ...

This paper critically reviews the existing Kenyan macroeconomic models, identifying their strengths and weaknesses. It argues that there are major weaknesses in the two existing models, MEPM and MELT3, particularly their ...

This paper reviews tourism performance in Kenya in relation to the policy framework, focusing specifically on the absence of a shared vision and a long-term development strategy. Tourism is Kenya's third largest foreign ...

In a liberalized economy, provision of services in the agricultural sector, including financing of inputs, collection of produce, and processing and marketing of farmers' outputs, is a fundamental issue because it affects ...

Poverty in Kenya is caused by a number of factors, which include a high degree of inequality of income and production resources, inequality in the access to economic and social goods and services and in the participation ...